4 million quit their job in April, CITE LACK OF PAY FOR NOT SEEKING NEW JOB.

If a company cannot afford to pay someone more than 7.50 an hour in today's world, then the company is doing something wrong and I am perfectly fine with it closing and another one taking its place.

 

We know that you can hire people for anything if you throw enough money on the table. But having a job depends of the business you work for making a profit and surviving. That requires hiring people for what they are worth to the business. not what they think they are worth in their own opinion.

IF you aren't delivering the value your wage should produce- you should be fired. IF you aren't doing your best because you think you're not being paid enough, you should quit and find someone who agrees with you. Hiring someone is the same as when you go shopping for anything. You want things that work; you want your money's worth. It's a two-way deal.

 

That was my whole point. Artificially increasing the lowest paid, least skilled, least experienced worker’s salary will NECESSITATE increasing everyone else’s salary too.

For the love of God take an entry level Econ course

 

So what's the problem?

 

No it won't.

 

Whereas you guys expect workers to get screwed.

 

If pay goes up due to worker demands is that really artificial

 

Here is a list of the 10 "richest people on earth".

https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp

Which of these people are you claiming have no work ethic and were given a silver spoon?

 

No, that's organic.

It's the government wage mandates and businesses forced to compete with government handouts that's artificial.

 

Self serving baloney. You either choose to exploit you're own skills talents selling them to the highest bidder.

 

This is a list of people, "in the right place at the right time."

You have much to learn.

 

You say this as if I do not agree. Why?

 

The worker is not getting screwed. He’s being paid what the market says his value is worth.

 

I did not say 'just' $7.50. That is an increase of $7.50 an hour above what they were previously making. You know, that $300 people were being paid to stay home, on top of the standard unemployment payments.

 

Yes it will. Unequivocally

 

I have a degree in Economics, you do not.

There us nothing artificial about paying someone what the market demands.

It is unwise to pay as most American companies do, below fair value to take advantage of the desperate.

 

Yes because they’re artificially able to support themselves because the government is giving them money. Without that support they would take jobs that the MARKET says they worth, not what they say they’re worth.

 

If their getting paid by that wage by their employer then that's what their worth.

 

So no involvement in the start up of the business, which usually involves long days, short weekends, monetary investment, creative investment.

Reading the business environment, seeing what is lacking, developing a business strategy, all are just about being in the right place at the right time?

 

Then I would suggest you go and get your money back from whatever Cracker Jack box you got your degree from.

The market is not demanding those pay increases. The market is being artificially manipulated because the government is printing money and giving it to people to sit on their ass at home and do nothing.

That means those people are capable of at least providing a base line for themselves and their families even without a job. So they can ARTIFICIALLY be choosy. Not because they have the skills, experience or education required to be choosy. Not because there are not enough people with the level of skill and experience and education they have.

No they can ARTIFICIALLY afford to be choosy because they’re not concerned about providing for themselves because they’re already able to do so with the taxpayer money the government is giving them.

 

A lot of people are in the right place at the right time and do not become stupidly rich

 

In my state the standard UE payment for a minimum wage worker is 51 dollars a week. SNAP for an individual is 51 dollars a week. Add that to the 300 the Feds are giving them and they are now up to a crazy wage of 10.50 an hour. So, I will adjust my statement to say say... if a company cannot afford to pay someone more than 10.05 an hour in today's world, then the company is doing something wrong and I am perfectly fine with it closing and another one taking its place.

 

If an external source gives people money to not enter the employment market, that doesn't mean that is what they are worth.

Not having to get up, go somewhere and do something for the money you receive has an intrinsic value all it's own.

It is a suppression of the labor supply, which is artificially driving up wages. No additional production for the increased wage means all prices will continue to rise, creating hyperinflation, and the people that were at the bottom of the ladder before, will continue to be at the bottom of the ladder.

And as I posted before, those on fixed incomes truly get screwed. Those on the border of retirement, get royally screwed. The only benefit is the taxing authority.

 

Do you know the demographics of who actually 'only' earns FMW, and what percentage of the workforce they are?

It might make the discussion a little clearer if you do.

 

And what happens when those businesses don’t get replaced because the replacement looks and says “there’s not enough profit margin here for me to make enough profit to make it worth my time. I can invest my money elsewhere and through some other vehicle and make more with less risk”?